Move over, New York: There's a new world capital of billionaires

David Gray/Reuters

More billionaires are based out of Beijing, China, than anywhere else in the world. 

There are now 100 in Beijing, the AP reports. The Chinese capital displaces New York, which has 95. 

Rounding out the top five are Moscow (66), Hong Kong (64), and Shanghai (50). 

The data comes from Hurun, a Chinese research company that focuses on the world's richest people. 

Hurun founder Rupert Hoogewerf says that the boost in billionaires comes from China's massive increase in initial public offerings, which totaled $23.4 billion by mid-June of last year. 

Sadly, these billionaires won't be able to fund any more of China's famous bizarre architecture, which is now banned.

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